alteration in authorised share capital
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The board of Lexoraa Industries Ltd, at its meeting on 9th March 2026, approved increasing the authorised share capital from Rs. 20 crore (2 crore equity shares of Rs. 10 each) to Rs. 50 crore (5 crore equity shares of Rs. 10 each). This 2.5x increase is subject to shareholder approval via an ordinary resolution at an upcoming Extra Ordinary General Meeting (EOGM). The board also approved the EOGM notice, appointed a scrutinizer, and arranged CDSL e-voting facilities. The change requires amending the Capital Clause of the Memorandum of Association.
An increase in authorised share capital on its own does not affect shareholder value or current holdings, but it provides the company room to issue new shares in the future through means like rights issues, bonus issues, or fundraising, which could dilute existing shareholders depending on how the expanded capital is utilised.